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Cipla Plunges 4%; BSE HEALTHCARE Index Down 0.9%
Wed, 30 Oct 9:23

Cipla Plunges 4%; BSE HEALTHCARE Index Down 0.9%Image source: Nikada/www.istockphoto.com

Cipla share price has plunged 4% and is presently trading at Rs 1,408.9.

Meanwhile, the BSE HEALTHCARE index is at 42,821.3 (down 0.9%).

Among the top losers in the BSE HEALTHCARE index today are Torrent Pharma (down 3.1%) and Dr. Reddys (down 2.3%).

Procter & Gamble Health (up 3.3%) and GSK Pharma (up 1.8%) are among the top gainers today.

Over the last one year, Cipla has moved up from Rs 1,193.1 to Rs 1,408.9, registering a gain of Rs 215.8 (up 18.1%).

On the other hand, the BSE HEALTHCARE index has moved up from 27,385.2 to 42,821.3, registering a gain of 56.4% during the last 12 months.

The top gainers among the BSE HEALTHCARE index stocks during this same period were Jubilant Pharmova (up 186.7%), SUVEN PHARMACEUTICALS (up 123.5%) and Glenmark Pharma (up 122.5%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 80,051.3 (down 0.4%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.5%) and M&M (down 1.5%). The most traded stocks in the BSE Sensex are Tata Motors and Tata Steel.

In the meantime, NSE Nifty is at 24,365.2 (down 0.4%). Dr. Reddys and Sun Pharma are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,051.3, registering a gain of 15,938.7 points (up 24.9%).

Cipla Financial Update...

Cipla net profit grew 13.0% YoY to Rs 13,060 million for the quarter ended September 2024, compared to a profit of Rs 11,558 million a year ago. Net sales rose 5.6% to Rs 70,510 million during the period as against Rs 66,782 million in July-September 2023.

For the year ended March 2024, Cipla reported 46.5% increase in net profit to Rs 41,553 million compared to net profit of Rs 28,355 million during FY23. Revenue of the company grew 13.3% to Rs 257,741 million during FY24.

The current Price to earnings ratio of Cipla, based on rolling 12 month earnings, stands at 25.4.

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